Is Now the Time to Sell Your Business?
Heed these signals, says M&A advisor Michelle Seiler Tucker
In 2013, when M&A expert Michelle Seiler Tucker wrote Sell Your Business For More Than It’s Worth, her research showed that 85-95% of all startups between 1-5 years old were at risk of going out of business.
Sam Edwards | Getty Images
Last year, however, when she wrote Exit Rich, she conducted the same research on a sampling of 27,636,360 companies and learned the business landscape had changed dramatically. In 2019, (prior to Covid), only 30% of startups of 1-5 years will fail. That is excellent progress. However, for that same sampling, a whopping 70% of ventures in business for 10 years or longer were in danger of failing.
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